Edition:
United Kingdom

American Express And Delta Renew Partnership, Lay Foundation To Continue Innovating Customer Benefits


Tuesday, 2 Apr 2019 

April 2 (Reuters) - American Express Co ::AMERICAN EXPRESS AND DELTA RENEW INDUSTRY-LEADING PARTNERSHIP, LAY FOUNDATION TO CONTINUE INNOVATING CUSTOMER BENEFITS.AMERICAN EXPRESS CO - NEW AGREEMENT EXTENDS RELATIONSHIP THROUGH 2029.AMERICAN EXPRESS - CO, DELTA SIGNED 11-YEAR RENEWAL EXTENDING EXCLUSIVE DELTA SKYMILES CREDIT CARDS FROM AMERICAN EXPRESS PORTFOLIO THROUGH END OF 2029.AMERICAN EXPRESS CO - DELTA EXPECTS ITS BENEFIT FROM RELATIONSHIP TO DOUBLE TO NEARLY $7 BILLION ANNUALLY BY 2023, UP FROM $3.4 BILLION IN 2018.AMERICAN EXPRESS CO - CO-BRAND CREDIT CARDS, DELTA SKY CLUB ACCESS AND MEMBERSHIP REWARDS PROGRAM REMAIN KEY FEATURES OF PARTNERSHIP.AMERICAN EXPRESS CO - AFFIRMED ITS PREVIOUS GUIDANCE FOR 2019 OF FX-ADJUSTED REVENUE GROWTH IN 8-10 PERCENT RANGE.AMERICAN EXPRESS CO - ECONOMICS OF NEW TERMS ARE NOT EXPECTED TO HAVE A MATERIAL EFFECT ON Q1 RESULTS.AMERICAN EXPRESS - AFFIRMED ITS PREVIOUS GUIDANCE FOR 2019 OF ADJUSTED EPS BETWEEN $7.85 AND $8.35.